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Follow on Google News | New market study, "Egypt Real Estate Report Q3 2011", has been publishedNew Business research report from Business Monitor International is now available from Fast Market Research
Our local sources report that there is very little vacant space available at the moment. Rents have therefore risen. In the first half of 2010, the increases were relatively modest. Giza saw both the largest increase - for retail space - and no movement in rental costs for industrial space. The second half of 2010 gave a different picture. Rents soared everywhere except for office space in Cairo. Our in-country sources indicated that, through H210, retail rents soared from around US$20-40 per m2 per month to US$150- 200. Gains are expected to continue throughout 2011, but not with the same intensity. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ Some of the key opportunities currently in the real estate market: * Booming population size and improving income levels offer all sorts of opportunities for the real estate market across all sub-sectors. It creates local demand, which is much tougher in times of trouble than overseas investment demand, which often flees at the first sign of difficulties. * The satellite cities offer developers the chance to undertake mega projects, crossing all subsectors. The government is supporting these expansions with improving rail links and other assistance to make the cities function well. * The EGP1.4bn upgrade to Hurghada International Airport, including a new runway and terminal due to open in 2012, is designed to double the airport's capacity to 14mn passengers per year (according to ERC). For developers that target the tourism industry, this will bring in very welcome guests. ERC will benefit particularly, as its only development, Sahl Hasheesh, is close by. Some key risks to the current real estate market: * The threat of legal action is a cause for concern for developers, not least because while the process is under way the developers are unlikely to be able to sell any land. Cash flow problems may put some previously successful developers out of business. Reuters reported in March 2011 that 'PHD... faced a battle for survival this year, despite a record year for sales in 2010'. It references two lawsuits that the company is currently involved in. * The risk now is that the country's unrest may delay or stall some projects, reducing the amount of supply that will come online in the upcoming years. Demand, however, is likely to recover (if it drops at all) once the country has settled down again. * Interest in Egypt from foreign multinationals that had been increasing may now falter, at least for a year or two. * For properties targeted at the middle class to become available, the industry needs this group to have good access to credit, as they may be left behind by the mass of property currently available to high-income families and the new schemes designed to help low-income purchasers. Partial Table of Contents: SWOT Analysis - Egypt Real Estate/Construction SWOT - Egypt Economic SWOT - Egypt Business Environment SWOT Real Estate Market Overview - Table: Egypt's Real Estate Market - Historic Rents, 2009 And 2010 (m2/month, US$) - Table: Egypt's Real Estate Market - Net Yield, 2010 And 2011 (%) - Table: Egypt's Real Estate Market - Terms Of Rental Contract/Lease, Mid-2010 - Table: Egypt's Real Estate Market - Indicated Vacancy, Mid-2010 - Real Estate Market Analysis Industry Forecast Scenario - Real Estate Outlook - Table: Egypt Real Estate Markets - Rentals, 2010-2012 (m2/month, US$) - Table: Forecast Yield, 2008-2015 (%) - Construction And Infrastructure Forecast Scenario - Table: Egypt Construction And Infrastructure Industry Data - Table: Egypt Construction And Infrastructure Industry Data - Macroeconomic Outlook - Table: Egypt - Economic Activity Business Environment - Real Estate/Construction Business Environment Ratings - Table: Middle East And Africa Real Estate/Construction Business Environment Ratings - Egypt's RECBER - Project Finance Ratings: Outlook For Middle East - Table: Design And Construction Rating - Table: Commissioning And Operating Rating - Table: Overall Project Finance Rating - Egypt's Business Environment - Table: BMI Business And Operation Risk Ratings - Table: BMI Legal Framework Rating - Table: Labour Force Quality - Table: Middle East and Africa - Annual FDI Inflows - Table: Trade And Investment Ratings - Table: Top Export Destinations, US$mn Competitive Landscape Company Profiles - Egyptian Resorts Company - Nasr City Housing and Development - Orascom Construction Industries - Palm Hills Development - Saudi Egyptian Construction Company (SECON) - SODIC - TMG Holding BMI Methodology - How We Generate Our Industry Forecasts - Construction Industry - Bank Lending - Real Estate/Construction Business Environment Rating - Table: Weighting Of Indicators - Project Finance Ratings Indicators - Table: Design And Construction Phase - Table: Commissioning And Operating Phase - Commercial Construction - Table: Commissioning And Operating Phase - Energy And Utilities - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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